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Europe to lead green packaging market; bioplastics to flourish

Per Allied Market Research, the recycle content packaging segment is expected to grow with a CAGR of 4.92 percent to reach $207,543 million globally by 2022.

Bioplastic is a new ecological alternative to oil-based polymers with promising growth in pharmaceutical sectors. Bioplastics have flourished in healthcare and pharmaceutical markets and are accepted as an alternative for polymer oil-based products. Reverse logistics and an increase in the number of legislations for ecological packaging techniques have facilitated the recycle of municipal wastes.

The European region is expected to continue to lead the green packaging market, followed by North America. The German green packaging market is estimated at a CAGR of 5.10 percent, while the Middle East region is estimated to grow at a CAGR of 3.15 percent. The North American and Asia-Pacific regions jointly accounted for more than half of the total 2015 share.

Rise in hygiene and health concerns among consumers boosts the demand for green packaging with applications in sustainable packaging.

 

To read the full article, click here: http://www.greentechlead.com/waste-management/europe-lead-green-packaging-market-bioplastics-flourish-31738

Source: Greentechlead

 

The outlook for the green packaging market to 2020

Global Green Packaging Market 2016-2020, from Infiniti Research conducted a new study predicting the global green packaging market will experience growth at a CAGR of more than 7% during the forecasted period. With the consumer demand for eco-friendly and sustainable packaging material on the rise, vendors are focused on developing materials that have the traditional qualities but can also be recycled.

Europe leads the market with more than 31% in 2015; the rest of the world is well diversified as well. The leading countries in this region are Germany, United Kingdom and Italy.

According to the report, one of the major drivers of the market is the demand for bioplastics. Bioplastics are considered more sustainable than conventional plastic packaging products because they consume less energy and natural resources during the manufacturing process, generate lower CO2 emissions, and are lightweight by nature.

Click here to read the full article: http://www.packworld.com/sustainability/bioplastics/outlook-green-packaging-market-2020

Source: Packaging World